All posts tagged "bondholders"
Lawyer believes Besosa may lift stay in two of four lawsuits
SAN JUAN—U.S. District Court Judge Francisco Besosa may be lifting the stay on two of four lawsuits from bondholders who, among other things, are challenging the constitutionality of the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act, lawyer John Mudd said Thursday. During...
- Posted October 6, 2016
Judge Besosa consolidates suits filed by HTA bondholders to determine if Promesa stay should be lifted
SAN JUAN – Federal Judge Francisco Besosa on Tuesday consolidated the lawsuits filed by Assured Guaranty Corp. against the Commonwealth of Puerto Rico and by Peaje Investments against the Puerto Rico Highways and Transportation Authority (HTA)...
- Posted September 27, 2016
Investment funds sue Puerto Rico for payment of bonds
Seek relief from Promesa stay
- Posted September 26, 2016
‘Morcillas de’ Promesa
Laws, like morcillas—the tasty blood sausages we so love during our endless—Navidades—are the product of secret confection best left to the imagination because there is nothing pretty about the process that goes into their creation. That age-old...
- Posted September 23, 2016
Is Gov. García Padilla Violating Promesa?
Two weeks ago, the University of Puerto Rico (UPR) bond trustee, U.S. Bank Trust National Association, filed a lawsuit against UPR and the Commonwealth of Puerto Rico, alleging that Gov. Alejandro García Padilla is illegally diverting tuition...
- Posted September 8, 2016
UPR’s Trustee Files Lawsuit Claiming University Diverted Debt Payment
SAN JUAN – U.S. Bank Trust National Association, the trustee of the University of Puerto Rico, has sued the academic institution for diverting pledged revenue from Pell Grants and student tuition for other uses rather than toward paying its...
- Posted August 19, 2016
Hispanic Caucus Holds First Gathering of the Week at DNC
- Posted July 25, 2016
Assured Guaranty Pays Insured Bondholders Following Puerto Rico Default
Says will continue to try to achieve consensual agreements despite commonwealth's "contempt for the rule of law"
- Posted July 8, 2016
PDP Board and Former Governors Reject Promesa
Call for US House bill to not be approved
- Posted May 30, 2016
GDB Bondholders File Amended Complaint
SAN JUAN – Holders of bonds issued by the Government Development Bank for Puerto Rico (GDB) on Friday filed an amended complaint in the U.S. District Court in San Juan challenging the constitutionality of certain aspects of...
- Posted May 20, 2016